Ms. Ashley Lastinger reports

GLOBAL ENERGY PARTNER BACKS ALTURA ENERGY WITH $3 MILLION PRIVATE PLACEMENT TO EXPAND HELIUM PRODUCTION IN ARIZONA

Altura Energy Corp. has arranged a non-brokered private placement with a leading conglomerate from a Southeast Asian nation. The corporate investor is a well-established entity with extensive interests and expertise in the global energy sector and will acquire approximately 19.95-per-cent non-diluted ownership in the company, based on the current capital structure. The offering will consist of 18,541,400 units of the company at a price of 16.18 cents per unit for gross proceeds of $3-million.

Each unit of the offering to the corporate investor will comprise one common share in the capital of the company and one share purchase warrant. Each full warrant will entitle the corporate investor to acquire one additional share at a price of 25 cents for 36 months from closing of the offering, subject to an accelerated expiry provision. All securities issued in connection with the offering will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation. Under the acceleration provision, if the closing price of the shares is $1 or higher for 10 consecutive trading days, the exercise period of the warrants may be reduced to 60 days at the company's discretion by issuance of a press release within seven days. If the warrants remain subject to the statutory four-month-and-one-day hold period during this period, the company may, if elected, choose to accelerate the exercise period subsequent to the expiration of such hold period. Any warrants not exercised before the end of this 60-day period will expire and be void.

As part of the offering, the company and the corporate investor anticipate entering into an investor rights agreement pursuant to a standard investment licence application in the area of origin of the corporate investor. The agreement is expected to provide the corporate investor with the right to participate in future financings of the company on a pro rata basis, contingent on the corporate investor maintaining ownership of at least 9.99 per cent of the outstanding shares of the company. The agreement will also provide the corporate investor with a right to nominate one member to the board of directors of the company, contingent on the corporate investor maintaining ownership of at least 5 per cent of the outstanding shares of the company.

The company intends to use the net proceeds of the offering for its flagship project in the Holbrook basin and for working capital and general corporate purposes. Closing of the offering is subject to a number of conditions, including receipt of all necessary corporate, regulatory approvals and shareholder approvals (as applicable), including the TSX Venture Exchange.

The company anticipates issuing advisory units to an arm's-length brokerage firm that assisted in introducing the corporate investor to the company and is acting as a financial adviser throughout the transaction, in accordance with the policies of the TSX-V. Such advisory units will have the same terms and conditions as the units, including, without limitation, the warrants being subject to acceleration.

About Altura Energy Corp.

Altura Energy is a helium-focused exploration and production company advancing a portfolio of assets in Arizona's prolific Holbrook basin. The company is focused on developing a reliable domestic source of helium, a critical and non-renewable gas essential to applications in health care, semiconductor manufacturing, aerospace and advanced technologies.

Altura is currently advancing its flagship project in the Holbrook basin of Arizona, where existing infrastructure and recent operational milestones position the company to commence near-term helium production. With helium concentrations significantly above those typically encountered in conventional natural gas reservoirs, Altura is working to unlock the value of one of North America's emerging helium districts.

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